In 2023, France's fuel oil refinery output was approximately 65.4 Thousand Gigawatthours. Over the forecasted period from 2024 to 2028, a consistent year-on-year decline in output is observed. Specifically, there is an average year-on-year decrease of about 2.4% from 2024 to 2028. Over the entire forecast period, the compound annual growth rate (CAGR) of the refinery output is expected to be -2.4%, indicating a steady downward trend in production levels.
Future trends to watch for include increased adoption of alternative and renewable energy sources, regulatory changes targeting carbon emissions, and potential shifts in global oil demand impacting fuel production strategies. Economic and environmental policies may further influence the trajectory of France's fuel oil refinery output.
